Media watch: Romania

C&A opens three stores in  Iulian Dascalu malls
The retailer C&A will open three stores totalling 4,300 sqm in three shopping centers owned by the businessman Iulian Dascalu. Dascalu has landed the Austrian retailer for Iulius Mall Timisoara (1,700 sqm), on the ground floor of Iulius Mall Suceava (1,225 sqm) and 1,380 sqm in Palas Mall in downtown Iasi. These are C&A’s first stores in all three cities. Wall-Street

Alcatel-Lucent takes  2,000 sqm at City Gate
Alcatel-Lucent Romania has leased nearly 2,000 sqm in GTC’s office project City Gate located in the Piata Presei district of Bucharest. It ranks among the largest office deals concluded in the first quarter of 2011, along with leases to Intel (3,500 sqm in BOC Tower), Volksbank (8,000 sqm in Nusco Tower) and Pfizer (2,000 sqm in Platinum Business and Convention Center).  Wall-Street

Asmita Gardens crisis deepens
The €120m Asmita Gardens residential complex in Bucharest is in crisis because of a dispute between the general contractor, Strabag, and its developer, Asmita and the ECDC investment fund. The sales team that was working on the 7 building, 800 apartment scheme has quit and the project’s website has been hauled off the Internet. Three of the buildings have been occupied by clients, but the other four, although finished with some units sold, are empty and lack occupation permits. ZF
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